Twenty-First Century Fox Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:FOXA)

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Twenty-First Century Fox (NASDAQ:FOXA) has been given a consensus recommendation of “Buy” by the twenty-eight brokerages that are covering the stock, AmericanBankingNews.com reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.44.

A number of analysts have recently weighed in on FOXA shares. Analysts at Cowen and Company downgraded shares of Twenty-First Century Fox from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. Separately, analysts at ISI Group downgraded shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 17th. Finally, analysts at Barclays initiated coverage on shares of Twenty-First Century Fox in a research note on Wednesday, July 9th. They set an “overweight” rating and a $43.00 price target on the stock.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 31.67 on Wednesday. Twenty-First Century Fox has a 1-year low of $30.59 and a 1-year high of $36.43. The stock has a 50-day moving average of $34.4 and a 200-day moving average of $33.39. The company has a market cap of $70.509 billion and a P/E ratio of 23.46.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.12. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.99 billion. Twenty-First Century Fox’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Twenty-First Century Fox will post $1.53 earnings per share for the current fiscal year.

Twenty-First Century Fox, Inc, formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations.

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